https://www.miningweekly.com

Freeport Indonesia expects sales jump after transition to underground mine

4th September 2020

By: Reuters

  

Font size: - +

JAKARTA – PT Freeport Indonesia expects its annual copper and gold sales to jump next year as it transitions to operating in its underground mine, CEO Tony Wenas told a virtual conference on Friday.

Freeport Indonesia expects this year's copper and gold sales to be lower than usual at 0.77-billion pounds and 0.82-million ounces respectively.

When it transitions to an underground mine, however, sales of copper in 2021 are expected to jump to 1.4-billion pounds, while gold sales are expected to increase to 1.4-million ounces, Wenas said.

Freeport Indonesia, operator of Grasberg, the world’s second-biggest copper mine, is on track shift to all-underground mining by 2022.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.064 0.929s - 134pq - 2rq
Subscribe Now